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Megawide teams up with SSS to bid for NAIA rehab

Megawide teams up with SSS to bid for NAIA rehab

LISTED construction firm Megawide Construction Corp is set to submit an unsolicited proposal within the first quarter of 2018 for the redevelopment of Ninoy Aquino International Airport (NAIA) in tandem with state-run entities. In a news conference in Quezon City on Friday, Social Security System (SSS) Chairman Amado Valdez said that SSS had created a... continue reading

NLEX Corp to spend P19-B on infra projects in 2018

NLEX Corp to spend P19-B on infra projects in 2018

NLEX Corporation is allocating P19 billion for capital expenditures (capex) this year for major infrastructure projects that are expected to ease traffic congestion in Metro Manila. NLEX Corp. President and Chief Executive Officer Rodrigo Franco said the bulk of the capex would be used for constructing portions of the North Luzon Expressway such as the... continue reading

LRT-1 posts record ridership on Jan. 9

LRT-1 posts record ridership on Jan. 9

LRT-1 operator Light Rail Manila Corp. (LRMC) reported a record ridership for the annual Feast of the Black Nazarene on January 9, Tuesday. LRMC reported a 14 percent increase in throughput from 494,323 passengers on the same day last year, to 565,928 this year. This figure is also higher by 26 percent over the total... continue reading

NLEX operator earmarks P19B for 2018 capex

NLEX operator earmarks P19B for 2018 capex

NLEX Corp., the operator of the North Luzon Expressway, has allocated P19 billion to capital spending this year to finance ongoing infrastructure projects. “The NLEX Corporation is setting aside around P19 billion in 2018 to help solve Metro Manila’s daily traffic bottlenecks,” it said in a regulatory filing via parent Metro Pacific Investments Corp. (MPIC).... continue reading

PH to be ‘fastest-growing’ economy in Asean – WB

PH to be ‘fastest-growing’ economy in Asean – WB

Philippines will continue to outpace many of its Southeast Asian neighbors in terms of economic growth, the World Bank said as it released estimates for this year up to 2020. “The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations (Asean) despite some stabilization of investment growth,” the Washington-based... continue reading

PH growth to remain fastest in Asean

PH growth to remain fastest in Asean

The World Bank expects the Philippines to sustain robust economic growth in the next three years even as public investments are seen slowing down. “The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations (Asean), despite some stabilization of investment growth,” the Washington-based multilateral lender said in its January... continue reading

World Bank keeps 6.7% growth forecast for Philippines

World Bank keeps 6.7% growth forecast for Philippines

MANILA, Philippines — The World Bank (WB) has maintained its 6.7 percent growth forecast for the Philippines until 2019, still on the back of strong fundamentals and a monetary policy supportive of growth. In its January 2018 Global Economic Prospects report, the multilateral finance institution sees the domestic economy consistently growing by 6.7 percent from... continue reading

DOTr sees ‘significant improvement’ in MRT 3 commuter service this year

DOTr sees ‘significant improvement’ in MRT 3 commuter service this year

GOVERNMENT officials of Japan and the Philippines have exchanged an unsigned diplomatic correspondence for the provision of a loan under Tokyo’s official development assistance (ODA) for the rehabilitation and maintenance of the Metro Rail Transit (MRT) Line 3. Transportation Undersecretary for Rails Timothy John R. Batan called the exchange of the “note verbales” as a... continue reading

PH to remain fastest-growing economy in Asean — World Bank

PH to remain fastest-growing economy in Asean — World Bank

The World Bank expects the Philippines to sustain robust economic growth in the next three years even as public investments are seen slowing down. “The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations (Asean), despite some stabilization of investment growth,” the Washington-based multilateral lender said in its January... continue reading

PHL seen growing faster than Asian peers till 2020

PHL seen growing faster than Asian peers till 2020

Despite lower growth expectations from the World Bank, the economic expansion of the Philippines will continue to outpace that of China and its Asean-5 neighbors until 2020, according to its latest report. National Economic and Development Authority (Neda) Undersecretary Rosemarie G. Edillon, however, expressed confidence that the Philippines is on track to achieve its development... continue reading